Australian Shares

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Macro Afternoon

by Chris Becker Japanese stocks finally caved in today as Yen slipped only slightly against USD. The real casualty in the currency wars was the Pacific Peso which fell abruptly on an “unexpected” poor CPI print, sending the Aussie dollar plummeting almost to 77 cents against the USD. In mainland China the Shanghai Composite has

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Macro Afternoon

by Chris Becker Can’t keep Japanese stocks down as they continue ever higher into the clouds as Yen goes nowhere while the rest of Asia did not react negatively to last nights poor showing on Wall Street. In mainland China the Shanghai Composite has again gone nowhere, only up 2 points or barely 0.1% higher

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Macro Morning

By Chris Becker US tech stocks are dragging down risk with the broader S&P500 pushed down nearly half a percent in a poor start to the week in absence of any good economic or geopolitical news. A new round of earnings for US stocks is now underway as traders also await any news surrounding Trump’s

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Macro Afternoon

by Chris Becker A mixed start to the week with the Yen dropping on the Japanese election, sending domestic stocks higher while the ASX200 had a dip after its big moves last week. All eyes are on Trump’s tax plan, which may actually have the potential to pass through Congress, but also some caution in

5

ASX stalls

Bulks are mixed in Dalian: Big Iron is mixed: Big Gold still a sell: The share market just loves a Pensioner Killer: Big Sleazy still a buy, especially if we get weak inflation: Big Shit see Domainfax flying towards IPO: Struggling again.

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Macro Morning (Trading Week)

By Chris Becker  Its been a week of a resurgent USD and surging US stocks has the political focus in the US centers on Trump’s new tax plan and the Federal Reserve’s resolve to initiate more interest rate rises. As usual for Monday mornings, I’ll take a step back and look at markets with a

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Macro Afternoon

by Chris Becker Reagan Tax Cuts 2.0 look likely as the Senate pushes through Trump’s fiscal budget, pushing the USD higher against the majors which has helped Japanese stocks as the Yen retreats before the weekend election. Stocks outside China have basically put in scratch sessions, taking risk off the table for the moment. In

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ASX flies on Trump wings

Dalian is melting up today just to make a goose of me: The ASX is keeping on keeping on and now has a big, fat bullish ascending triangle pattern. Anything above 6000 and it’s all go: The real driver is the falling AUD on the Trump budget news: S&P futures are up too. Big Iron

3

Captain Glenn turns doomsayer on global inflation

Via Captain Glenn in his new role as hedge fund seer: Former Reserve Bank of Australia governor Glenn Stevens says global investors have become complacent about the risks of a sharp rise in inflation that would have “considerable implications” for financial markets. An unexpected pick-up in inflation measures could see “markets flip from their current

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Macro Morning

By Chris Becker After a little bump that extended to stocks outside the US sphere, American bourses returned to their record closing highs overnight, even though Apple tried to drag the edifice down. Wobbly markets in Europe and Asia as traders were cautious around the 30th anniversary of the Black Monday crash among other geopolitical

2

ASX charge hits jobs brick wall

It was on again today with banks bid out the wazoo when, alas, the good jobs number arrived: The bid is dependent upon economic weakness and falling yields so more jobs sucks for banks, though they are still up on the day: There’s a good chance that the bid will resume, though, just so long

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Macro Afternoon

by Chris Becker Stocks in Asia are taking a pause due to new North Korean tensions even after US stocks took out new record highs overnight. The Aussie dollar fell after the RBA maintained its low interest rate dogma to sustain growth – in house prices at least. In mainland China the Shanghai Composite is

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Crushed consumer gives ASX wings

Dalian iron ore is still struggling today: Not RIO or BHP: The RIO rally is reckless. Nobody knows what’s coming from China in next few months. Big Gas is lovin’ it’s new guarantee as the Pensioner Killers roar: Big Gold has no time for bears like me, lovin’ the falling AUD: Big Sleazy is pouring

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Macro Morning

By Chris Becker Another night of record highs on stock markets with US Treasuries falling after Fed Chair Janet Yellen indicated more interest rate rises are on the way. Currency markets were not as USD focused, with Pound Sterling falling on Brexit fears and the Euro weaker due to Spanish political imbrolios. The lack of

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Macro Afternoon

by Chris Becker Asia starts the week with strong upswings on stock markets outside China with bonds also strengthening as Friday’s US CPI print is absorbed by risk and non-risk traders alike. Commodities didn’t lose the pace either with gold holding above the $1300USD per ounce level. In mainland China the Shanghai Composite is slumping

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RIO rips as China shuts down

Dalian has opened down sharply from overnight gains: RIO has ripped to break out highs: Some of it can be explained by this, from Bloomie: RIO’s 62% ore is holding up bit better than 58%. Even so, rallying so hard into the current array of China risks – including an epic five month Winter shutdown

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Macro Morning (Trading Week)

By Chris Becker  Until Friday night there were next to no economic catalysts in the form of news or releases to get worried about, so risk markets were in “steady as she goes” mode, for the most part. The USD was broadly weaker before pre-empting Friday night’s September CPI print in the US and then snapped

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AFR says go global stocks

Some good advice, bad advice from the AFR on stocks over the weekend: If you’re not invested in global stocks, say the experts, you’re missing out. You’re giving up a much larger exposure to IT, healthcare and other sectors and stocks that are household entities – and therefore big earners on a large scale –

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Macro Afternoon

by Chris Becker Asia ends the week with a rally in stock markets outside China while the USD reversed its recent bounceback as Yen and Aussie dollar also lifted. Gold also rose but only slightly as other commodities cooled off. In mainland China the Shanghai Composite is having another pause, up a few points going into

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Macro Morning

By Chris Becker A pause in US stocks overnight as traders weighed up the latest oil inventory reports and the machinations in Europe regarding Brexit. European stocks put in scratch sessions as the Euro tumbled against USD which is slowly recovering after being under the weather all week against the majors and gold, although the

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Macro Afternoon

by Chris Becker Stocks were broadly positive across Asia today taking the good level from US stocks overnight, with the USD weakening against the majors and gold, which is closing back in on the $1300USD per ounce level. The lack of economic and geopolitical catalysts are definitely calming markets this week. In mainland China the

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Macro Morning

By Chris Becker Last night saw US stocks closing  at record highs – again – after the Federal Reserve released a summary from its last meeting, where it signalled an interest rate hike in December is increasingly likely despite low levels of inflation. European markets stabilised following the Catalan issue in Spain while commodity prices recovered.

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Macro Afternoon

by Chris Becker Stocks in Asia were generally positive today with a retreating USD helping as well, as turmoil surrounding geopolitical tensions in Korea and Turkey simmered today. A lack of catalyst economic prints is also smoothing the volatility across the region. In mainland China the Shanghai Composite really wants to climb up through resistance at